Eight kilometers northwest of the Pyramids of Giza, the western bank of the Nile is home to the archaeological site of Abu Rawash. Just nearby is one of the world's largest wastewater treatment plants, a model of environmental sustainability in line with the United Nations Sustainable Development Goals. Pakinam Mohamed has a degree in civil engineering from Ain Shams University in Cairo. She...

Located within a short distance from the famous Aswan Dam, the Temple of Philae, on the islet of Aguilkya, immerses visitors in the history of ancient Egypt. Dedicated to the protective goddess Isis, its bas-reliefs and murals make it an exquisite sanctuary in the country. Aboard his small motorboat, Ahmed Yehia sails serenely towards this treasure of Egyptian heritage, nestled in the heart of...

According to the GSMA, 54% of the Sub-Saharan African population does not have access to mobile services.  These unconnected people mostly live in remote rural areas that are hardly accessible to telecom operators' terrestrial networks. Telecom tower builder Africa Mobile Networks (AMN) announced, Tuesday, it closed a $20 million loan from BlueOrchard and Finnfund. The funds will...

Between 2012 and 2022, the number of African high-net-worth individuals declined, largely due to poor performance in South Africa, Egypt, and Nigeria. However, it is expected to increase by 42 percent between 2023 and 2032. South Africa, Egypt, Nigeria, Kenya, and Morocco together account for 56% of the millionaires on the African continent. They also account for more than 90% of the...

Despite a challenging global economic context,  Benin recorded the lowest inflation in the WAEMU in 2022. In its latest assessment, Fitch confirmed the country’s B+ rating with a stable outlook, expecting continued strong macroeconomic performance. Benin is expected to record economic growth of 6.5% on average in 2023 and 2024. This is at least what the international rating agency Fitch...

The Board of the African Development Bank Group has approved $147 million in subordinated debt to the Mauritius Commercial Bank Ltd (MCB) to enhance its capital base and mobilize loan growth in the renewables, manufacturing healthcare and other sectors, including SMEs.     The debt will take the form of a Basel III Tier 2 compliant bond to be issued by MCB, a leading African...

The practical guide presented by the Senegalese consulting firm aims to give decision-makers an overview of this new funding tool set up by the IMF.  AfriCatalyst, a global development consulting firm based in Dakar, Senegal, presented on Monday, March 27, its practical guide to inform African policymakers and national stakeholders of the key features, eligibility criteria, and objectives...

In April 2022, Africell finally launched its commercial operations in Angola, after several postponements. The company is pulling out all the stops to gain a foothold in the country's telecom market hotly contested by Angola Telecom, Unitel, and Movicel. Telecom operator Africell Angola has adopted tech company Covalense Digital Solutions’ CSmart platform for business support. The solution...

Youth integration is one of the key priorities of the Ivorian government. The government wants to increase the graduate integration rate to 65% by 2025, up from 32% in 2020. To achieve this, the country plans to make investments in dedicated programs over the 2023-2025 period.  In 2023, the Ivorian government will invest more than CFAF360 billion ($594 million) for the integration of more...

The Société Nationale des Pétroles du Congo (SNPC) will assume the presidency of the African Petroleum Producers Organisation (APPO)’s next meeting. This was agreed upon by the organization’s members when they convened in Algier this week for the 4th meeting of the National Oil Companies’ CEOs, members of the organization.   Chaired by Mr. Toufik Hakkar, CEO of Sonatrach, the...